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A supplier offers you credit terms of 1/5, net 20. What is the cost of forgoing the discount on a purchase of $1,250? Assume a

A supplier offers you credit terms of 1/5, net 20. What is the cost of forgoing the discount on a purchase of $1,250? Assume a 365-day year. 1. 44.32% 2. 37.79% 3. 32.33% 4. 34.21% 5. 29.03...

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